Union Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Union Bank Panchkula Panchkula Haryana

MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panchkula
Contact
Bank Details Union Bank Of India Panchkula UBIN0549932
Location Panchkula, Panchkula
City Panchkula
District Panchkula
State Haryana
Pincode 134108
Country IN
Address Sco 387, sector 8,panchkula, haryana,pin - 134 108.
MICR Code
Bank Union Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panchkula
Contact 172-2570978
Bank Details Union Bank Of India Panchkula UBIN0904465
Location Panchkula, Panchkula
City Panchkula
District Panchkula
State Haryana
Pincode 134109
Country IN
Address Sco 23 sewctor 11 panchkula 134109
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 160026007 for Panchkula branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 160026007 of Union Bank Of India, Panchkula branch makes the system almost error free and faster. Use of Union Bank Of India MICR codes for Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Union Bank Panchkula

Union Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Union Bank Of India MICR code for Panchkula is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 160026007 is the MICR code of Union Bank for Panchkula branch. MICR code for Panchkula branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Union Bank Of India Panchkula is presented in the table alongside.

Use of Union Bank Of India MICR code for Panchkula branch in panchkula

The MICR code 160026007 is used in RBI cheque clearing process to identify the branch Panchkula and Union Bank Of India bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Union Bank is typically in either of these two font’s: E-138 and CMC-7.

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